Idaho's Weekly Journal of Local & National Commentary Week
2815

We do not
have a financial meltdown in America today. We have an intellectual
meltdown. Too many of our leaders do not know how to think, not about
economics and, therefore, not about anything else of consequence since
the core of economics is subjective human decision and
action, not mathematics.

Boise, ID –
It is absolutely astonishing that American citizens, in the year 2009, are
actually sitting in their living rooms listening to the President of the
United States discuss with a straight face that he knows best how to
micro-manage an entire health care system for our country. When the
Congress finally gets it right – whatever that might be -- President Obama
says he will sign off on their National Health Care Bill. What arrogance!
And how would Obama know what’s right or wrong? Is there a right or wrong?

President
Obama claims (through what, Omniscient Osmosis?) that he knows what the
doctors should be doing, how the patients should be acting, how hospital
information should be handled, how medical insurance should be taken care
of, how much all procedures should cost, what age group should receive which
care and under what conditions, and everything under the sun about the
business of medicine. All this, without ever having run even a lemonade
stand on the corner. All this, without any knowledge of medicine or
managing a hospital. All this, in a position of a government servant, the
Presidency of the U.S., and not as a free market doctor, or hospital
administrator, or even the level of a Candy Striper changing bed pans at a
hospital. And yet, he knows what will constitute a good health care system
when he creates it. What audacity! Better yet, why is anybody even
listening to Obama’s obvious baloney?

How did
America, a limited Republic with a Constitution and Bill of Rights that
prohibit infringements upon private property rights and protect an
individual’s right to voluntarily participate in the free market without
governmental or other interference, transform itself into a dictatorial
collectivist state in which it is now presumed that it is the function of
the President, and 535 members of Congress, and the Secretary of the
Treasury, and a private corporation of central bankers called The Federal
Reserve, to trash the U.S. Constitution and attempt to micro-manage every
sector of the economy? And regulate every aspect of every individual’s life
in America?

Where did
today’s transformation from free market capitalism to state fascism come
from?

It came
from the lack of the average American to seriously question their
government, their school system, and their monetary system. It came from
the lack of the average American to learn how to think logically and
consistently on principles, instead of gut feelings and disconnected thought
globs. Not so much what to think,
although that comes later, but rather how
to think.

The average
individual does not know how to systematically receive and interpret, i.e.,
logically categorize, his or her concepts into logical groups so that
whenever one hears or discovers something new, such as a new idea about how
President Obama thinks he can successfully socialize medical care at the
federal level in the United States, one then knows whether it is true or
false, and how and where to catalogue it in one’s realm of thinking.

For
example, if I told you that the major cause of our economic meltdown is due to (1) the lack of a gold standard and (2) inflation of our
non-collateralized paper dollars by the Federal Reserve, most individuals
would say, “I don’t get it, what’s the connection?” They see no connection
between inflated money (The Cause), and today’s economic Recession (The
Effect).

In fact,
almost all of the intellectuals in the Econ Depts of the major universities,
and Nobel Prize winners in Economics, and our Fed Reserve Chief Ben Bernanke,
and our current Treasury Secretary Timothy Geithner, among others would say,
“Oh, FM Duck, you’re a real joker. Everybody knows you can hyper-inflate
non-backed paper dollars out of thin air, create a “Multiplier Effect,”
which will “Stimulate” the economy, and enrich the national and global
economies, ho-ho-ho, dontcha just know it, you betchum.”

Where do
the pundits go wrong? They erroneously misunderstand The Law of Identity
and The Law of Cause and Effect. First, paper is not gold. Second, due to
not understanding the first, printing trillions or quadrillions or even
quintillions of dollars – I give you the Weimar Republic in 1920’s Germany,
The Cause – will only produce the destruction of the dollar and the entire
economy, The Effect. Possessing a ton of gold is not the same as possessing
a ton of paper – especially fake paper receipts not redeemable for gold.

Once
again, the problem is a lack of how to think, how to logically categorize
one’s concepts.

Not being
able to logically categorize reality, i.e., objectively determine true
concepts, leads to further erroneous thinking.

For
example, going back to the above example, if one erroneously confuses basic
monetary concepts, the properties of gold and paper dollars, thinking the
use of each will produce the same results, one then dashes over the economic
cliff and stupidly proclaims that upon enriching the nation with bogus paper
dollars, one can then create millions of jobs and grow an economy. All
because one’s premises were wrong. And that is where we are today.
Our
major economists and political leaders have not learned how-to-think and
thus their what-to-think baloneyism has taken us on an Alice in Wonderland
economic journey over the cliff to Nowheresville, better known as a Heavy
Depression.

We do not
have a financial meltdown in America today. We have an intellectual
meltdown. Too many of our leaders do not know how to think, not about
economics and, therefore, not about anything else of consequence since the core of economics is subjective human decision and
action, not mathematics.

Therefore,
based upon faulty economic reasoning described above, President Obama then
jumps to further erroneous concepts and conclusions such as: “Hey, gang, we
can print up a trillion godzillion tons of dollars, or tax our pulp fiction
dollars from the rich, or move the fake Monopoly Money from Bucket A to
Bucket B, and thus cleverly finance a National Health Care Program, yippee
and yahoo. One bad concept is built upon a shaky pyramid of previous bad
concepts until all you have is a stack of tipsy cards ready to fall as soon
as a 3-year-old enters the room and farts. And that is exactly what is
happening with President Barack Obama’s national socialist health care
daydream: illogical health care and business concepts built upon illogical
monetary concepts built upon illogical economic premises.

And so we
come full circle: we have an intellectual meltdown in the United States at
virtually all levels of thinking, from monetary policy and economics, to the
fundamentals of individual rights and the proper role of government in our
social organization – i.e., individual rights and free market capitalism vs.
dictatorial state collectivism. All due to the lack of learning how to
think, how to systematically collect and categorize one’s knowledge, how to
differentiate what is objectively true in the universe vs. what is not true.

One could
almost claim that, in the political spectrum, those who gravitate toward
Left Liberal state collectivism are those who think only in terms of
disconnected thought globs. Those who gravitate toward fiscal Conservatism
are individuals who partly understand the concepts from the Age of
Enlightenment underlying the U.S. Constitution. Those who gravitate toward
Libertarianism and Austrian free market economics AND – even more rare –
understand the Objectivist Philosophy of Ayn Rand, tend to be the most
logical and have a better grasp of categorizing their conceptual thinking
that fits in with objective reality.
The latter group, the Libertarians, are better able to predict the
consequences of the actions of the two former groups, the Liberals and the
Republicans.

Individual
freedom and that which results from individual freedom, i.e., true free
market capitalism, is universally correct. Control of all individuals'
lives,
slavery or involuntary servitude, by a dictatorial government and that which
results from it, National Socialism, Fascism, Communism, or any variation on the
theme of state collectivism, is universally incorrect, anti-life, and thus
abhorrent to all free thinking humans, whether on planet Earth or
elsewhere. Hey, I’m planning ahead.

Finally,
you cannot cheat The Law of Identity, A=A, by claiming that A can also equal
a choo-choo train and a glass of wine. And you cannot cheat The Law of
Cause and Effect. To not understand the repercussions of the Law of Cause
and Effect is probably the most misunderstood of all concepts and history is
replete with repetitious stupidities that later generations of humans
usually ask 50 to 100 years later, “What in hell were those idiots
thinking? The Earth ain’t flat. Little microbes can kill you. You can’t
enrich a nation by printing up tons of paper dollars and calling it money.
And how does one “manage” a “free” market economy anyway… contradiction,
contradiction?”

The upshot
of President Barack Obama’s national socialist health care program? Just
from logical contradictions alone, in basic economics, business, and freedom, it
must fail because, well, because a choo-choo train doesn’t equal an Aardvark
and paper doesn’t equal gold. Axiomatic primary: health care is really an
individual rights issue, not a monetary issue. – FM Duck